Record High Free Cash Flow
IQVIA reported the highest quarterly free cash flow ever, driven by disciplined working capital management and improved industry conditions.
Strong Net Bookings and Backlog
Net bookings for the quarter totaled $2.6 billion, with a net book-to-bill ratio of 1.15x. The backlog reached a new record of $32.4 billion, up 4.1% from the previous year.
Solid Revenue Growth
Third quarter revenue was $4.1 billion, representing a year-over-year growth of 5.2% on a reported basis and 3.9% at constant currency.
Impressive Demand Metrics
EBP funding momentum reached $18 billion in Q3, with high single-digit RFP flow growth sequentially, and 20% growth year-over-year.
AI and Technology Advancements
IQVIA is developing 90 AI agents covering 25 use cases, with plans to develop 500 by 2027 to improve margins and operational efficiency.